Finland: Current account returns to surplus in February
April 15, 2016
The current account posted a EUR 145 million surplus in February, according to Statistics Finland. This result contrasted the EUR 85 million deficit recorded in the same month last year as well as the EUR 113 million deficit recorded in January.
The trade balance registered a surplus of EUR 160 million in February, marking a turnaround over the EUR 113 million deficit recorded in January. On an annual basis, exports fell 2.6% in February, which followed the previous month’s deeper 9.3% contraction. Imports decreased 6.0%, coming in slightly above from February’s 7.1% fall.
In the 12 months up to February, the current account balance recorded a EUR 500 million surplus. The figure exceeded January’s EUR 200 million surplus and represented the highest accumulated current account reading in three months.